EW 1H - ETHBTC@Poloniex 23/05/16 Zigzag correction

Al ready in side the channel from a longer term, we can see a posible target for the correction. We are looking for 0.02832 while we are inside the purple channel. Expect a small pullback to the channel's roof. Important not cross up that, it must work as a roof.

Trade active:

4th (circle) wave still to be developed to channel's top resistance.

Trade closed: target reached:

closing shorts opening long position